Why you should do your bit to help the Australian economy recover and demand a pay rise

If you really want to do something patriotic this year, if your fervent wish is to help our economy recover from the debilitating impact of the pandemic, you have the power to do something.

Demand a pay rise!

There is a growing groundswell of opinion among economists, from the Reserve Bank governor down, that our economic salvation rests upon a return of decent wages growth.

Right now, salary growth is bouncing around the basement; with each successive year laying claim to the lowest growth on record.

In the past year, wages were on the mat rising a paltry 1.4 per cent. During the past four years, the snail’s pace increments in pay rises for most Australians has been a key factor in the Reserve Bank’s inability to achieve its inflation…